Changes in accounting policies and disclosures
there were no new accounting standards, pronouncements and interpretations effective for 2012 issued by
the international Accounting standards board (iAsb) or Brazilian Accounting Pronouncements Committee (CPC)
which could have a significant impact on the Company’s financial statements
For comparison purposes, R$7,932 was reclassified in the financial statements from “Dividends payable” to
“Accounts payable” in relation to the profits to be distributed in the projects of society participation Account
of the subsidiary Duraflora S.A. with its other partners participating